LITERACY NEW JERSEY INC (EIN 521146384) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

ELIZABETH GLOEGGLER

Phone

7329065456

Tax Period

2024-07-01 to 2025-06-30

LITERACY NEW JERSEY INC, founded in 1979, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024.

Mission

LITERACY NEW JERSEY, INC. EXISTS SO ALL ADULTS HAVE THE OPPORTUNITY TO READ, WRITE, AND COMMUNICATE EFFECTIVELY. THIS IS DONE BY TRAINING VOLUNTEER TUTORS TO HELP ADULT LEARNERS AND BY SUPPORTING A NETWORK OF LITERACY PROGRAMS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,075,389

Program Service Revenue $43,922

Investment Income $3,223

Other Revenue $1,000

TOTAL REVENUE $2,123,534

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,718,384

Fundraising Expenses $135,643

Program Expenses $1,971,505

Other Expenses $496,265

TOTAL EXPENSES $2,214,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,123,534	$2,012,678	+0.1%
Expenses	$2,214,649	$2,022,073	+0.1%
Net Income	$-91,115	$-9,395	+8.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

399

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$218,016

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE D'AGOSTINO	PRESIDENT	2.00	Officer Director	$0	$0	$0
PATRICK RICHARDS	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
ALEXANDER DUNDARA	TREASURER	1.00	Officer Director	$0	$0	$0
VICKI BEYER ESQ	SECRETARY	1.00	Officer Director	$0	$0	$0
DENISE KEYSER ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
JUNEL HUTCHINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAYANA SHAH	BOARD MEMBER	1.00	Director	$0	$0	$0
SABLE LOMAX	BOARD MEMBER	1.00	Director	$0	$0	$0
KARLENE O'CONNOR	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH GLOEGGLER	CHIEF EXECUTIVE OFFICER	40.00	Officer	$109,008	$0	$109,008
JESSICA TOMKINS	CHIEF OPERATING OFFICER	40.00	Officer	$109,008	$0	$109,008

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$2,123,534	$2,214,649	$1,015,542	$-91,115
2024	$2,012,678	$2,022,073	$1,062,420	$-9,395
2023	$1,684,091	$1,682,893	$1,094,832	$1,198
2022	$1,216,240	$1,231,028	$1,078,186	$-14,788
2021	$1,275,157	$1,129,197	$760,234	$145,960
2020	$1,115,068	$1,088,895	$760,449	$26,173
2019	$875,628	$966,124	$152,625	$-90,496
2018	$875,828	$846,784	$211,166	$29,044

LITERACY NEW JERSEY INC